Basing from the profit equation, what among the variables is most dependent to a change in price? What economic law holds true for this phenomenon? Explain.

Q: Describe four ways in which critics hold that neoclassical economic approaches can worsen environmen...

A: Neoclassical economics is a collection of economic strategies that concentrate on deciding the distr...

Q: If the slope of the AD curve were lower (curve flatter), 1. Would the immediate response of output t...

A: The equilibrium output is attained where the aggregate demand and aggregate supply are equal.

Q: When Christine deposits $1,000 in Bank A, and there is a reserve requirement ratio of 10%, how much ...

A: Christine deposited $1000 in Bank A The reserve requirement ratio is 10% Required reserve = Deposit ...

Q: Economic activity should continue to expand at a similiar rate to 2021's projected rebound, on the b...

A: 1) Three contributors which would result in expansion of economic activity:- a) Accumulation of capi...

Q: will be the market price? If both firms collude and share the output equally, what is the revenue to...

A: Assuming two firms are there X and Y , production happens only with fixed cost and both the firm pro...

Q: The government decides to levy a lump-sum taxes by $50 billion which will reduce disposable income. ...

A: Lump sump tax A lump-sum tax is a type of taxation that is based on a fixed amount rather than the t...

Q: In the following game, identify how many subgames there are. Then, solve the game to find its subgam...

A: In a tree game, when we have to find subgame perfect nash equilibrium, we use backward induction rul...

Q: You want to be able to travel and withdraw P7,100 at the end of every month during your yearlong tri...

A: Suppose the principal needed at the beginning of travel is P. After the last withdrawal the balance ...

Q: 13. Consider a model with four lags: Yt = a, + 8,zt + 8,2t-1 – 822t-2 + 832t-3 + 847t-4 + Uz Now, le...

A:

Q: hink about the rival and excludable properties of public goods. To what degree is radio broadcasting...

A: Public goods are those goods which are non-rivalrous and non-excludable.

Q: CI G (a) What is the current equilibrium level of national income? = 60+5+8+710:70 (b) What is the l...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...

Q: This summer has been very hot. In fact, many crops that need water to thrive have been suffering fro...

A: When there is a rise in imports or a fall in the export of a country it implies a negative impact on...

Q: Output Total Fixed Cost Total Variable Cost $9 $0 1 $9 $5 $8 $9 $9 $10 4 $9 $11 $9 $12 dollars. The ...

A: Total variable cost increases with increase in production and fixed cost is independent of output.

Q: 43. If income elasticity for a go then it is a A. O Necessity item B. O Inferior good C. O Luxury it...

A: Income elasticity of demand means the responsiveness of the quantity demanded for a good to a change...

Q: Question 5 Consider the Romer model, where F(A4, Ly,) = ALyt and I = 0.35. How much does production ...

A: Lyt refers to the number of workers in the knowledge production. If population is L¯  and fraction o...

Q: Currently, Social Security is funded by current taxes. It is projected that in 2024, current taxes w...

A: Social Security benefits are funded by a dedicated payroll tax, which workers pay into as they earn ...

Q: 1. A commercial building has a salvage value of PhP 2 million after 50 years. Annual depreciati PhP ...

A: Given the salvage value = 2 million Depreciation = 2M  

Q: 46. Suppose the total cost of producing commodity X is Rs.125000. Out of this cost, implicit cost is...

A: To find : Explicit cost of commodity X. 

Q: Which world region has the lowest population growth rates?

A: Europe has the lowest population growth rates.  

Q: Namin's output has been constant at P every year. In year 0, it finds an investment project that wil...

A: Output = Y Output increases by 0.05Y each year from year 2. Interest rate = 4% = 0.04

Q: 6. Four (TYPE I) firms sell Product X in competitive markets at a price of 10. They each operate wit...

A: As the price level in competitive market is constant and marginal revenue does not change optimal de...

Q: Explain an inverted yield curve using the segmented markets theory.

A: To find : What is inverted yield curve. 

Q: A Nash equilibrium occurs if all players in a game play their best strategies O a. given what their ...

A: Nash equilibrium is achieved at a point where no player can be made better off without making others...

Q: MB. Homer and Bart both have income of $100, and the price of both the private good and a firefighte...

A: The correct answer is given in the second step.

Q: The following graph shows the market demand for wheat. Use the orange points (square symbol) to plot...

A: Answer: In the short run, the supply curve is the rising part of the marginal cost (MC) curve above ...

Q: If $4,000 is borrowed today and $8,955 is paid back in 10 years, what interest rate compounded annua...

A: Compound Interest refers to the interest that is  paid on the principal and the interest that is ear...

Q: TRANSNATIONALITY examples

A: To find : Example of transnationality. 

Q: Explain how a consumer budget and product price changes impact the budget line by drawing hypothetic...

A: The budget line explains the combination of products to be selected till the last money of budget is...

Q: Compare and contrast the three major approaches to environmental policy: lawsuits, command-and-contr...

A: Environmental economics is the study of the economics of environmental protection and the economic i...

Q: 1. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?

A: To find : What will be average fixed cost. 

Q: . The 'Diamond water' controversy is explained by

A: To find : The diamond water controversy is explained by whom. 

Q: omplete Table 1. Summarize your calculations and use Microsoft Excel. Using Excel, draw one graph sh...

A: Solution(1):- The complete table is as shown below  Output Average Fixed cost Average Variable Co...

Q: В.1. a) A profit-maximising firm faces a downward-sloping demand curve for its output and has margin...

A: * ANSWER :-    B.1) (a)  

Q: Refer to the information provided in Figure 13.7 below to answer the question(s) that follow. 16 15 ...

A: Firms can easily enter or exit a purely competitive market in the long run. In addition, pure compet...

Q: EU Common Agricultural Policy is one of the well-known Buffer Stock Program. Select one: True O Fals...

A: True The given statement is true. The Common Agricultural Policy was founded on the economic notion ...

Q: Describe the Emergencies Act. Why was it most recently used?

A: Describe the Emergencies Act. Why was it most recently used? 

Q: In 2002, a meeting is hold in a state-owned farm with one million mu of arable land—B farm after the...

A: Managerial economics is a branch of economics concerned with the use of economic methods in manageri...

Q: Which of the following is true for suppliers when an industry is on the path to commoditization: opt...

A: Commoditization is the process, by which was a once-unique or inventive product or service, now beco...

Q: The ounti USS-Billions -55 Imports (goods) Exports (services) Income receipts on Stats investments a...

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...

Q: QUESTION 3: Refer to the graph below and answers the following questions. All Underling work must be...

A: In the mentioned question we have been asked what will happen if there is price ceiling of $2.

Q: When the government finances deficit spending through the issue of government bonds, the government ...

A:  Fiscal Deficit Fiscal deficit refers to a situation in which government spends more than its revenu...

Q: Horizontal inequality is one of the causes of armed conflict in developing countries. (T/F)?

A: The phenomena of unequal and/or unjust allocation of resources and opportunities among individuals o...

Q: An investment has the following cash flow series where interest is 7%: End of Year 0 1 2 3 4 5 6 7 8...

A: Given  r= 7% End of year 0 1 2 3 4 5 6 7 8 Cash flow 150 300 450 0 -500 0 600 700 800

Q: In 2002, a meeting is hold in a state-owned farm with one million mu of arable land—B farm after the...

A: Given,  A meeting held in a state owned farm with One Million Mu of arable land after harvest

Q: GDP may be defined as: Group of answer choices 1.the final monetary value of all goods and services ...

A: The monetary value of an asset or service is the amount that would be paid in cash if it were sold t...

Q: the government implements a subsidy so that the prices of intermediate inputs go down.

A:

Q: 5. Provide answers for the each of the following independent questions. a. Suppose Auto Fitters sell...

A: Answer(A). Yes, the choice of contracts would allow the firm to differentiate between good and bad s...

Q: According to Lenin, what part does financial capital play in imperialism?

A: To find : What part does financial capital play in imperialism. 

Q: hat other alternatives do depositors have to bank deposits and how could that affect the bank’s abil...

A: Money is placed in banking institutions for safekeeping and is referred to as a bank deposit. Deposi...

Q: Question 1 For cach of these situations, answer what happens to i) demand, iisunnly, iii) equilibriu...

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...